Overtime
Overtime is Defi App's recurring 75-day trading competition. Each season features zero trading fees, cash back on margin, two leaderboards, and a progressive prize pool that grows with collective volume.
You must use an embedded wallet to participate in Overtime. Learn how to create an account and fund your account to get started.
How it works
Overtime runs for 75 days per season. During that window, all perpetuals trading fees on Defi App are rebated, and participants compete across two leaderboards for a share of the prize pool. The more the community trades, the larger the prize pool becomes.
By using Defi App, you agree to the Terms of Service.
Zero trading fees
All Defi App trading fees during Overtime are rebated. Fees are returned to participants in vested $HOME after the competition ends.
Vesting terms for fee rebates: 6-month cliff, 24-month linear unlock.
Fee rebates are paid in vested $HOME, not USDC. Tokens are not liquid at distribution.
Cash back on margin
Traders earn up to 5% cash back on margin deposited, unlocked progressively based on trading volume. To earn the full 5%, you must generate trading volume equal to 100x your deposit.
$1,000
$50
$100,000
$10,000
$500
$1,000,000
$50,000
$2,500
$5,000,000
$100,000
$5,000
$10,000,000
Cash back is paid in vested $HOME with the same vesting schedule as fee rebates: 6-month cliff, 24-month linear unlock.
Only net deposits count (deposits minus withdrawals).
Leaderboards
Overtime ranks participants on two leaderboards:
PnL leaderboard (70% of prizes) rewards traders with the highest realized profit and loss. This leaderboard favors skill and strategy.
Volume leaderboard (30% of prizes) rewards the most active traders by total trading volume. You do not need large capital to compete on this board.
Progressive prize pool
The prize pool scales with collective trading volume across all Overtime participants. Higher total volume unlocks larger rewards.
$1,000,000,000
$250,000
$2,500,000,000
$500,000
$5,000,000,000
$1,000,000
$10,000,000,000
$2,500,000
$20,000,000,000
$5,000,000
A live progress bar tracks collective volume in real time.
Prize pool milestones only unlock when the corresponding volume threshold is reached. The pool does not unlock retroactively.
Referrals
Overtime participants can earn up to 43.75% of their referrals' trading fees in USDC. Referral rewards are structured across three tiers:
Level 1: People you refer directly.
Level 2: People referred by your Level 1 referrals.
Level 3: People referred by your Level 2 referrals.
Referral rewards are paid in USDC with no vesting. Payouts are instant. For more details on referral tiers and rate calculation, see Revenue Sharing.
Anti-gaming
Defi App enforces the following protections to ensure fair competition:
Only net deposits (deposits minus withdrawals) are counted toward cash back eligibility.
Delta-neutral and wash trading detection is active from day one.
Minimum trade count and time between trades are required for leaderboard eligibility.
Wallet clustering analysis is used to detect sybil behavior.
Violations are grounds for disqualification and may result in permanent exclusion from current and future competitions.
Vesting schedule
Fee rebates and cash back are distributed in vested $HOME:
Cliff: 6 months
Unlock: 24-month linear vesting
Prizes are paid out in $HOME on this schedule:
20% paid within 7 days of the season end
20% staked for 3 months
20% staked for 6 months
20% staked for 9 months
20% staked for 12 months
Comparison
Deposit match cap
$250
Based on activity (uncapped)
AUM lock
90 to 180 days
None
Free trading
No
Yes
Cash back
No
Up to 5%
Prize pool
Fixed
Progressive (up to $5M)
Referral income
Limited
43.75% of fees, instant USDC
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